Container Team Ltd

(Registration number: 04393617)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	12,873	19,932
Tangible assets	5	3,292,515	2,863,617
		3,305,388	2,883,549
Current assets
Stocks	6	6,945	11,603
Debtors	7	884,180	313,852
Cash at bank and in hand		2,597	200,052
		893,722	525,507
Creditors: Amounts falling due within one year	8	(1,197,170)	(638,413)
Net current liabilities		(303,448)	(112,906)
Total assets less current liabilities		3,001,940	2,770,643
Creditors: Amounts falling due after more than one year	8	(754,908)	(658,557)
Provisions for liabilities		(604,390)	(453,464)
Net assets		1,642,642	1,658,622
Capital and reserves
Called up share capital	9	100	100
Revaluation reserve		84,161	84,161
Profit and loss account		1,558,381	1,574,361
Total equity		1,642,642	1,658,622

Container Team Ltd

(Registration number: 04393617)
Balance Sheet as at 31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the Board on 17 December 2025 and signed on its behalf by:
 

.........................................

H A Edwards
Director

Container Team Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 9 Westland Distribution Park
Winterstoke Road
Weston-Super-Mare
Avon
BS24 9AB

2	Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The accounts have been prepared on a going concern basis which assumes that the company has sufficient funds to continue to trade for the foreseeable future. The directors have indicated their willingness to continue to support the company and accordingly the accounts have been prepared on the basis that the company is a going concern.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Container Team Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax
Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Plant & machinery	5 years straight-line
Motor vehicles	5 years straight-line
Fixtures & fittings	5 years straight-line
Other tangible fixed assets	5 years straight-line

Included within other tangible assets are storage containers, which are not depreciated as they are held at fair value.

Intangible fixed assets

Intangible fixed assets are included at cost less accumulated amortisation.

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Brand assets	5 years straight-line

Container Team Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and net realisable value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Container Team Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term, with the exception of storage containers, which are not depreciated as they are held at fair value. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Container Team Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 28 (2024 - 20).

Container Team Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible fixed assets

	Trademarks, patents and licenses  £
Cost
At 1 April 2024	62,978
Additions	800
At 31 March 2025	63,778
Amortisation
At 1 April 2024	43,046
Amortisation charge	7,859
At 31 March 2025	50,905
Carrying amount
At 31 March 2025	12,873
At 31 March 2024	19,932

Container Team Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5	Tangible fixed assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost
At 1 April 2024	339,399	21,838	83,766	2,940,846	3,385,849
Additions	437,069	4,176	58,230	109,883	609,358
Disposals	-	-	(42,446)	(22,866)	(65,312)
At 31 March 2025	776,468	26,014	99,550	3,027,863	3,929,895
Depreciation
At 1 April 2024	226,361	19,863	29,754	246,255	522,233
Charge for the year	57,622	1,433	20,536	61,731	141,322
Eliminated on disposal	-	-	(26,175)	-	(26,175)
At 31 March 2025	283,983	21,296	24,115	307,986	637,380
Carrying amount
At 31 March 2025	492,485	4,718	75,435	2,719,877	3,292,515
At 31 March 2024	113,038	1,976	54,012	2,694,591	2,863,617

Included within Other tangible assets are storage containers that are held at fair value of £2,575,306. No depreciation is charged on the storage containers.

The fair value is determined by the directors with reference to the condition of the storage containers, as well as current observable market prices.

6

Stocks

	2025 £	2024 £
Finished goods	6,945	11,603

Container Team Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7	Debtors: amounts falling due within one year

	2025 £	2024 £
Trade debtors	145,806	94,089
Prepayments	717,904	219,763
Other debtors	20,470	-
	884,180	313,852

8

Creditors

	2025 £	2024 £
Amounts falling due within one year
Trade creditors	522,907	169,767
Taxation and social security	141,884	92,999
Other creditors	22,704	19,281
Accruals	145,809	110,907
Bank overdrafts	17,155	-
Hire purchase and finance lease liabilities	288,634	221,850
Secured debentures	-	15,651
Directors' loan accounts	58,077	7,958
	1,197,170	638,413

	2025 £	2024 £
Due after one year
Hire purchase and finance lease liabilities	754,908	658,557